CleanSpark’s (CLSK) Data Center Pivot Brings An Outperform Rating From Wall Street
Key takeaways
- Clean Spark’s (CLSK) Data Center Pivot Brings An Outperform Rating From Wall Street Jabran Kundi Thu, July 2, 2026 at 7:48 PM GMT+7 2 min read CLSK BTC-USD Clean Spark Inc.
- Earlier on June 4, CLSK released its unaudited operational update.
- (NASDAQ:CLSK) is a Bitcoin mining company with exposure to the data center industry.
Clean Spark’s (CLSK) Data Center Pivot Brings An Outperform Rating From Wall Street Jabran Kundi Thu, July 2, 2026 at 7:48 PM GMT+7 2 min read CLSK BTC-USD Clean Spark Inc. (NASDAQ:CLSK) is one of the 10 Bitcoin Miners That Are Now Data Center Companies. Gregory P Miller, an analyst at Citizens JMP, started coverage of Clean Spark Inc. (NASDAQ:CLSK) with an Outperform rating on June 24. The analyst assigned a price target of $27 to the stock. According to the firm, the company is well-positioned to benefit by repurposing its bitcoin mining power capacity to serve hyperscale customers. It also expects the growing demand for AI and high-performance computing infrastructure to support CleanSpark's growth. The stock continues to enjoy positive analyst sentiment as Chardan Capital raised its price target from $15.59 to $19 and reaffirmed a Buy rating on June 8.
Earlier on June 4, CLSK released its unaudited operational update. It highlighted stronger mining output and continued expansion efforts. With the AI tailwind, the company is actively commercializing its infrastructure portfolio in Sandersville and Texas. CEO and Chairman Matt Schultz believes that CLSK will continue to develop its power pipeline, add high-impact talent across the organization, and operate most effectively in bitcoin mining data centers across the country. This shows the Bitcoin miner plans to use efficient Bitcoin mining as a financial engine. During May, the company produced 671 Bitcoin, taking the 2026 output to 3110 BTC. The operational hashrate reached 50 EH/s with 224470 deployed miners.
CleanSpark Inc. (NASDAQ:CLSK) is a Bitcoin mining company with exposure to the data center industry. The company is based in Henderson, Nevada, and was founded in October 1987 by S. Matthew Schultz and Bryan Huber.